Several other equities research analysts also recently weighed in on GRPN. Morgan Stanley reaffirmed an underweight rating and set a $3.20 price target (down from $3.50) on shares of Groupon in a research report on Wednesday, July 26th. BidaskClub downgraded Groupon from a hold rating to a sell rating in a research report on Thursday, July 27th. ValuEngine downgraded Groupon from a hold rating to a sell rating in a research report on Tuesday, August 1st. B. Riley reaffirmed a buy rating and set a $5.50 price target on shares of Groupon in a research report on Thursday, August 3rd. Finally, Cowen and Company reaffirmed a sell rating and set a $3.50 price target on shares of Groupon in a research report on Thursday, August 3rd. Six analysts have rated the stock with a sell rating, ten have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of Hold and an average target price of $4.97.
Shares of Groupon (NASDAQ GRPN) opened at $5.62 on Tuesday. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.86 and a quick ratio of 0.86. Groupon has a 12-month low of $2.90 and a 12-month high of $5.70.
Groupon (NASDAQ:GRPN) last announced its quarterly earnings results on Wednesday, November 1st. The coupon company reported $0.01 earnings per share for the quarter. The company had revenue of $634.46 million for the quarter, compared to the consensus estimate of $642.62 million. Groupon had a negative return on equity of 1.47% and a negative net margin of 2.97%. The firm’s revenue for the quarter was down 7.6% compared to the same quarter last year. During the same period last year, the firm earned ($0.01) EPS. analysts anticipate that Groupon will post -0.02 earnings per share for the current year.
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In other Groupon news, insider James Sullivan sold 25,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $5.29, for a total value of $132,250.00. Following the transaction, the insider now directly owns 350,919 shares of the company’s stock, valued at approximately $1,856,361.51. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Eric P. Lefkofsky sold 1,500,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 7th. The stock was sold at an average price of $4.39, for a total transaction of $6,585,000.00. The disclosure for this sale can be found here. Insiders sold a total of 2,310,000 shares of company stock worth $10,180,150 over the last three months. Corporate insiders own 23.40% of the company’s stock.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in GRPN. Pictet Asset Management Ltd. purchased a new position in Groupon in the 3rd quarter worth approximately $37,704,000. First Trust Advisors LP lifted its stake in Groupon by 43.4% in the 2nd quarter. First Trust Advisors LP now owns 16,324,191 shares of the coupon company’s stock worth $62,685,000 after purchasing an additional 4,937,648 shares in the last quarter. SG Capital Management LLC purchased a new position in Groupon in the 3rd quarter worth approximately $16,741,000. State Street Corp lifted its stake in Groupon by 38.2% in the 2nd quarter. State Street Corp now owns 8,827,043 shares of the coupon company’s stock worth $33,898,000 after purchasing an additional 2,440,783 shares in the last quarter. Finally, Vanguard Group Inc. lifted its stake in Groupon by 8.1% in the 2nd quarter. Vanguard Group Inc. now owns 32,453,440 shares of the coupon company’s stock worth $124,620,000 after purchasing an additional 2,430,907 shares in the last quarter. 55.44% of the stock is currently owned by institutional investors and hedge funds.
Groupon, Inc operates online local commerce marketplaces around the world that connect merchants to consumers by offering goods and services at a discount. The Company operates through three segments: North America, which represents the United States and Canada; EMEA, which consists of Europe, and the Middle East and Africa, and the remainder of its international operations (Rest of World).
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